November 2019 Real Estate Transactions

Sales volume falls, mortgage volume rises...

JOHN F. MEADE, REGISTER OF DEEDS

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF NOVEMBER 2019

SALES VOLUME FALLS AND MORTGAGE VOLUME RISES!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in November 2019 was down 17% from November 2018 volume and the total value of sales was down 18% from the previous year.  The median individual property sale value was up 1.3% from the previous year.  There was a 33% increase in the volume of mortgage activity from November 2018 levels.

Year to Date: Volume of Sales is down 2.8%; Total Value of Sales is up 1%; Individual Sales Value is up 2.7%; Mortgage Volume is up 13.6%.

Register Meade reports that there were 597 deeds recorded at the Barnstable Registry of Deeds in November 2019 with stated sales values above $50,000.00 representing a stated value of $316,347,948.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in November 2019 was $390,000.00.

There were 1,311 mortgages recorded with values above $50,000.00 in November 2019 with a total value of $464,710,068.00.  The median mortgage amount, commercial, residential or other, was $282,400.00.

By way of comparison, there were 719 deeds recorded at the Barnstable Registry of Deeds in November 2018 with stated sales values above $50,000.00 representing a stated value of $389,728,868.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in November 2018 was $385,000.00.

There were 986 mortgages recorded with values above $50,000.00 in November 2018 with a total value of $381,474,228.00.  The median mortgage amount, commercial, residential or other, was $280,000.00.

REAL ESTATE ACTIVITY THROUGH NOVEMBER 2019

AS COMPARED TO THE SAME PERIOD IN 2018.

All figures are based on sales or mortgages ABOVE $50,000.00.

2019 sales volume: 6,834

2018 sales volume: 7,032

2019 total sales value: $3,646,100,823.00

2018 total sales value: $3,611,980,643.00

2019 median sales price: $385,000.00

2018 median sales price: $375,000.00

2019 mortgage volume: 12,142

2018 mortgage volume: 10,692

2019 total mortgage value:  $4,782,078,362.00

2018 total mortgage value:  $4,169,780,737.00

2019 median mortgage amount:  $285,000.00

2018 median mortgage amount:  $264,000.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

Nov            2018:      $385,000.00                                    -5.2%

Dec             2018:      $350,000.00                                    -9%

Jan             2019:      $351,000.00                                    +0.3%

Feb             2019:      $353,000.00                                   +0.6%

Mar            2019:      $370,000.00                                   +4.8%

Apr            2019:      $379,000.00                                    +2.4%

May           2019:      $385,000.00                                    +1.6%

June           2019:      $406,000.00                                    +5.5%

July            2019:      $385,000.00                                    -5.2%

Aug            2019:      $399,000.00                                     +3.6%

Sep             2019:      $399,000.00                                      0.0%

Oct             2019:      $385,000.00                                    -3.5%

Nov            2019:      $390,000.00                                    +1.3%

FORECLOSURE DEEDS

MONTH                     YTD              

2019    9                                  127

2018    12                                221     

Chg.    -25%                           -42.3%


CapeCodToday.com welcomes thoughtful comments and the varied opinions of our readers. We are in no way obligated to post or allow comments that our moderators deem inappropriate. We reserve the right to delete comments we perceive as profane, vulgar, threatening, offensive, racially-biased, homophobic, slanderous, hateful or just plain rude. Commenters may not attack or insult other commenters, readers or writers. Commenters who persist in posting inappropriate comments will be banned from commenting on CapeCodToday.com.